TVC:HSI Looking like it will finally break above $17000 on weekly close and make a run to $19,000. Watch NYSE:BABA $KWEB. Both of them are at the critical pivot area. China's inflation data Yesterday was not good, but the index shrugged it off. It is a sign that the market might be thinking China has bottomed.
HK33HKD - 24h expiration Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Trend line support is located at 16530. Preferred trade is to buy on dips. Trading within a Corrective Channel formation. Risk/Reward would be poor to call a buy from current levels. 50 4hour EMA is at 16720....
This week has been a really slow with no clear direction. It closes with a doji candle. For this week trade idea, It will be roughly the same as last week. Buy above 17101 and sell below 16127. If you want a more aggressive buy, depends how the first 4 hr candle closes, buy above 16906 is also a choice.
Tell your hedge fund to buy Hang Seng Index and some Chinese stocks. Good returns will be coming in next years.
TVC:HSI It has been teasing a breakout. The only problem is 17000 resistance. NYSE:BABA
March has been a slow and low volume month. Looking for a weekly chart, we are ranging between 16773 and 16334. There is no clear sign of break thru to the upper or lower side. For this month trade idea, I will set the range between 16127 and 17101. Once the daily start to close firmly above or below these two level, depends on the candle structure, we can then...
The Hang Seng is nearly unchanged from where it started the year. Some of the strongest gainers of the index in recent days have been JD and Meituan. However, Tencent Holdings, by far the largest constituent, is down around 20% since January. The latest earnings season in China wasn’t stellar although negativity has arguably been overstated in some media this...
I've published the short idea for HSI on 18th Mar and this is how it has gone since. I've updated the counts to what I think are the waves that unfolded since. Simply put, the next move is down.
Bull flag forming in Chinese equity market with pointed target mapped in case we see a breakout
This is my time cycle analysis on the Hang Seng index. The index is basically dragging along its 30+ year channel bottom, approaching the trough of the green cycle between June-August of this year. This time region is highly likely to produce a tradable bottom, if not 'the' bottom. Unfortunately cycle trough timing zones only give us entry points for swings,...
trend strongly bullish + bullish gartley pattern + price at support level + RSI divergence expecting the price to retest the 17000 level PS never risk more than 2% of your capital per trade
Last week, HK50 close back into the range as bearish. This week, pay attention to the two crucial level, 16369 and 16127. Overall structure from weekly is still bullish as long as it doesn't break the two level I mentioned. For sell, the safest sell will be if 1 hour and 4 hour starts to close below 16127. There is plenty of room to go back down to 15450. For...
Hangsang Index has made major breakdown of 2008 trendline. But at the same time its not made a new low. If price goes above broken trendline and sustain, there might be a reversal sign. There may be great opportunity to invest in it, if there is a reversal.
Ola Chicos, This is our master plan to Rob HK50 in Bullish side am currently Looting some profits in Hongkong50. Guys U can enter at any time any point before the high voltage electric trap area, Our target is Trap area. We can escape before the area its very safe.
Shorter term EMA20 crossing over longer term MA50. Steady recovery for awhile, suggesting that the trans continues until at least the MA200 mark.
Yesterday market is pretty slow with no clear direction. One thing to note, 16805 now become another strong resistance level as it's been rejected multiple times from a higher time frame. Thus, it will take a pretty strong volume push before we can start seeing the bullish trend again. As for sell, since we are still in the middle of a range between 16805 and...
The impact of several Chinese economic indicators has pushed the Hang Seng index higher, albeit with mixed results: while retail sales, industrial production and foreign investment data beat expectations causing the index to correct higher, the unemployment rate showed a slight increase of 0.1% from the previous one. The anticipation of this week's meetings of...
My last analysis for HSI was a bullish call. Since then, the move for Hang Seng up move hasn't been that clean and I thought that it is time for me to publish the bearish alternate count. As should be clear, I have termed the up move as a triangle, and thus expecting a move down at least to the low made on 22nd Jan. Note: I have linked my bullish breakout analysis here.